A used car dealer is a potentially useful individual who can help you sell your car more quickly than most people can manage on their own. There are some drawbacks to using a dealer, however and the pros and cons of hiring a dealer are discussed in more detail below.
Pro: Safe and Easy
When you hire a dealer, you will be turning over responsibility for the sale to somebody who is very experienced in these matters and who can handle all the paperwork for you. You also don’t have to worry about security issues such as your personal information getting disclosed to an unwanted party. Dealers use the best security procedures possible to ensure that their clients’ information does not wind up in anybody else’s hands, so the chance of a scam is greatly reduced.
Con: Trust Issues
Working with a dealer usually means putting your trust in somebody who you may or may not know well. When consulting with a dealer, you need to make sure that you are dealing with a reputable individual. If you don’t have a personal connection to a dealer, you should make sure to do your research first. This means checking online reviews and possibly taking steps like consulting the Better Business Bureau or seeking out word-of-mouth reviews. This doesn’t cost any money, but it does take time.
Pro: Trade-In Options
A dealer can provide you with several options for selling your vehicle, including the chance to trade your car in for a newer model. Trade-ins usually don’t provide as much of a financial return on your vehicle, but they do allow you to easily obtain a car that you might not be able to afford otherwise. Many dealers provide additional incentives for trade-ins, such as better insurance options or reduced monthly payments. These incentives can often help make up for one of the bigger cons of working with a dealer, which is a reduced financial return after the sale.
Con: Lower Price
Working with a dealer does mean that you have to pay some additional fees, and will likely get less money for your car than you might be able to get by selling it yourself. However, the chances of you getting top dollar for your car depend largely on how much work you put into the selling process. Therefore, you have to determine which will benefit you the most: the chance to get the maximum profit out of your selling venture in exchange for some extra work on your part or the convenience of a dealer.
When determining whether you want to work with a dealer, you need to decide what you want out of the automobile selling experience. If you want to get the most money back while also putting in extra work, you should sell your vehicle yourself. If you want a little extra convenience and the expertise of somebody who handles car sales for a living, then a dealer is the way to go.